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20110701
20110731
Search Results 0 to 9 of about 10 (some duplicates have been removed)
's asking tab to send in your questions. in. jon: and this fox news alert out of minnesota where the governor just signed a new budget ending one of the longest-ever state government shutdowns. harris is live with the breaking story for us. harris? is. >> reporter: yeah. there were a lot of people wondering how this one would come together. minnesota governor mark dayton has just signed an agreement he struck with leading republicans after months of very bitter arguments over taxes and spending cuts. they were trying to close a pretty sizable deficit in their spending there, and they have been brutal on this issue for quite some time. you see some video from early on in those discussions, people on all sides of the issue. the government shut down july 1st, and that laid off 22,000 state employees, stopped road projects, people couldn't get licensing for all sorts of things like fishing and what not be, and it's a big recreational state. it cost the state millions in be lost revenue from lottery sales, tax audits, park fees and licensing fees, so on and so forth, but now they can
>> reporter: take care, everybody. jon: and good morning to you as we begin "happening now" on this monday, a very special welcome back to jenna lee. jenna: thank you very much. jon: anything big happened while you were gone? jenna: got married, went on a honeymoon. i'm back for good. jon: glad to have you. brand-new developments in the debt showdown as the clock ticks closure to government default. now the tea party is stepping in, pushing its cut, cap and balance plan. jenna: ccp, a measure that raises the limit on america's credit card by another $2.4 trillion, only after big and immediate spending cuts, as well as a constitutional amendment requiring a balanced federal budget. jon: it looks likely to pass in the house but the senate is a very different story. mike emanuel live at the white house for us now. what is the latest from the white house, first of all, mike? >> reporter: jon the white house perspective that this is a huge problem, our nation's debt, so this is the time to do something big and do something bold. it is not clear where the votes will be in terms o
morning. hi, everybody, i'm jenna lee. jon: and i'm jon scott. dramatic new developments in that debt standoff in washington, and we are all over them. president obama speaking just moments ago urging republicans and democrats to reach some kind of compromise. he's warning the u.s. will lose its top credit rating if it falls into an unprecedented default. jenna: and it could lose that rating anyway. that's something we've been hearing a lot this week, that despite some of the decisions made in d.c., we could still see a downgrade. now, the political standoff as we know it is escalating this hour. a senior gop official, a house aide, i should say, telling fox news that house republicans will pass their debt plan today. we thought that yesterday. we'll see if it happens today. a bill that senate democrats say is dead on arrival, though, as they move ahead with their own debt limit bill setting up a showdown vote really for this weekend. ahead of that host of your world, neil cavuto, is live on capitol hill with his observations about what's happening down there in d.c., neil. first of a
. that it could still fall apart. in these all-important details. let's get right to jon karl who first broke this story, the story of a framework last night. jon, dan used the word at the top of the broadcast, the emphasis here is on "fragile." >> reporter: that's right. the details are still being worked out. you know how important the details are, and nobody has signed on the dotted line yet. but i am told congressional leaders will brief their membership on the framework of this tentative deal later this morning. >> majority leader. >> reporter: late last night, senate majority leader harry reid called off a vote on a debt ceiling plan, citing progress towards a deal. >> i'm glad to see this move tord cooperation and compromise. i hope it bears fruit. >> reporter: congressional sources tell abc news the two sides have tentatively agreed to a framework that includes a debt ceiling increase of up to $2.4 trillion, enough to last through the presidential election. agreement on more than $1 trillion in spending cuts over ten years and a new special congressional committee that would recommend
appearing stronger heading into the 2012 race than he was just a few weeks ago. we want to bring in jon karl to help weigh in on these numbers. jon, we were talking earlier on the surface it seems like a few points shift here. but given the backdrop of this economy and unemployment this is fairly dramatic. >> reporter: is pretty dramatic. and the factor seems to be the debt ceiling standoff. take a look at the numbers against mitt romney, the president has opened up a lead, a pretty significant lead you see there of 51% to 44%. the lead is even more dramatic against other other candidates. look where he was a month ago, david. mitt romney was tied with president obama. the big factor here, in fact, the only factor that has really changed is that independent voters have moved away from the republicans and towards the president. >> so, independent voters watching the debt showdown and weighing in. >> reporter:s that's exactly right. and don't like the way the republicans have been handling it. >> speaking of the republicans, you take a look at how they're stacking up with the race. and a famil
Search Results 0 to 9 of about 10 (some duplicates have been removed)